As per to the sources saying at the www.propertykhazana.com, an FIR has been registered by the Economic Offences Wing (EOW) of Delhi Police on Unitech, for selling its shares without the approval of any necessary layout and building proposal of Grande venture flats in Noida. Fascinatingly, the developers had purchased the property from the Noida Authority in a sale to set up a township in June, also the authority had approved the layout proposal in 2008 and the building proposal for the venture was still to be cleared by the authority. The developer said that it had presented the proposal to the Noida Authority in January 2007 itself.

FIR was lodged by EOW after taking a grievance from a flat purchaser against the developer and in his complaint he said that an RTI respond from the Authority in May 2009 stated that the firm had not yet taken the approval for building proposal. He also claimed that the developer declined to repay our amount when asked for it.

But, Unitech envoy said to www.propertykhazana.com that, “Previous year, owing to the strange market situations and global economic diminish, the company has stood by its clients and is also giving different choices on terms and even giving huge rate benefit to the present clients.” For more updates on realty market browse www.propertykhazana.com.